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RE: International bond mutual funds: hold some of their bonds in $, some in foreign currency. I have a couple of emerging market funds, which say they mostly hold in $. I am thinking this is bad with a falling dollar, however they seem to be performing as if they were getting a currency boost. Maybe there are other factors involving length of bonds, interest payments, etc.
Are these funds a good place to be with a falling dollar?
Sorry if this in inappropriate for this thread. There seem to be so many knowledgable people here, and when I call Fidelity or whomever the young guys on the other end either are not very up on this, or they seem to be BS'ing me. They must assume every investor is some guy driving a Cadillac and afraid of "currency risk".
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